Nonprofit · EIN 13-5564002
INLAND MARINE UNDERWRITERS ASSOCIATION
Tax-exempt · NEW YORK, NY 10005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,639,226 | $1,535,181 | $104,045 | $1,465,954 | $279,889 | $1,186,065 |
| December 31, 2023 | 990 | $1,357,215 | $1,409,941 | -$52,726 | $1,266,624 | $236,365 | $1,030,259 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,601,211
- Investment income
- $18,073
- Other revenue
- $19,942
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $529,133
- Other salaries and wages
- $91,201
- Salaries, compensation and benefits (total)
- $669,068
- Professional fundraising fees
- $0
- Legal fees
- $10,446
- Accounting fees
- $23,885
- Occupancy
- $55,371
- Travel
- $4,438
- Depreciation
- $37,398
Balance sheet and other
- Total assets, start of year
- $1,266,624
- Total assets, end of year
- $1,465,954
- Total liabilities, end of year
- $279,889
- Net assets, end of year
- $1,186,065
- Land, buildings and equipment
- $46,148
- Publicly traded securities
- $602,155
- Net assets without donor restrictions
- $1,186,065
- Gross receipts
- $1,639,226
- Employees
- 3
- Volunteers
- 195
- Year formed
- 1931
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN O'BRIEN | PRESIDENT/CEO Officer | 40 | $291,275 | $15,693 |
| LILLIAN COLSON | VICE PRESIDENT/SECRETARY Officer | 40 | $175,526 | $46,639 |
| ANTHONY FALCONE | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ARTHUR SIEDER | DEPUTY CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SHARON PRIMERANO | VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ANNE CALIENTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA FRANKOVICH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKY HARTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE HOEHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE S JERVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON MOSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN MUELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDER MCGINLEY | DIRECTOR (THRU AUG 2024) Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL ORSI | DIRECTOR Trustee or director | 1 | $0 |
| KEITH SCRANTON | DIRECTOR Trustee or director | 1 | $0 |
| RANDY SCHLOSSER | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD SOJA | DIRECTOR (THRU OCT 2024) Trustee or director | 1 | $0 |
| BEN TUTTLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN O'BRIEN | PRESIDENT/CEO Officer | 40 | $277,570 | $15,537 |
| LILLIAN COLSON | VICE PRESIDENT/SECRETARY Officer | 40 | $167,569 | $38,623 |
| ANTHONY FALCONE DEPUTY CHAIR | (THRU MAY 2023), CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ARTHUR SIEDER | VICE CHAIR (THRU MAY 2023), DEPUTY CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| SHARON PRIMERANO | DIRECTOR (THRU MAY 2023), VICE CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| DREW CADELLI | DIRECTOR (THRU MAY 2023) Trustee or director | 1 | $0 | $0 |
| ANNE CALIENTO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADLEY CAMERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA FRANKOVICH | CHAIR (THRU MAY 2023), DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICKY HARTMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELLE HOEHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH JENNINGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRUCE S JERVIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JON MOSBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDER MCGINLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL ORSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE PERROTTI | DIRECTOR (THRU MAY 2023) Trustee or director | 1 | $0 | $0 |
| RANDY SCHLOSSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SOJA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN TUTTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 14 WALL ST 8TH FL SUITE 820, NEW YORK, NY 10005-2162
- Principal officer (990 for 2024)
- MATT DERRICK, 14 WALL STREET 820, NEW YORK, NY 10005
- Signed the 990
- MATT DERRICK, PRESIDENT & CEO
- Phone
- (212) 233-0550
- Website
- WWW.IMUA.ORG
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
INLAND MARINE UNDERWRITERS ASSOCIATION'S (IMUA) MISSION IS TO CHAMPION THE INTERESTS OF INLAND MARINE INSURANCE INDUSTRY AND FOSTER THE EDUCATION AND DEVELOPMENT OF INDUSTRY PROFESSIONALS.
Program accomplishments
- THE ANNUAL MEETING - IN THE SECOND QUARTER OF EACH CALENDAR YEAR, USUALLY APRIL OR MAY, IMUA HOLDS ITS PREMIER EDUCATION EVENT AT AN OFF-SITE HOTEL OR RESORT-STYLE PROPERTY IN THE U.S. THE EVENT RUNS FROM SUNDAY THROUGH TUESDAY AND INCLUDES A BOARD MEETING; AN OPENING RECEPTION AND DINNER FOR MEMBER NETWORKING; OPEN FORUM BUSINESS MEETING; SIX EDUCATION SESSIONS ON TOPICAL ISSUES, EACH LASTING FROM 1 TO 3 HOURS; A MINI-TRADE SHOW ON BOTH MONDAY & TUESDAY; AND A CLOSING RECEPTION AND AWARD BANQUET IN WHICH AN IMUA MEMBER RECEIVES ONE OF THE FOLLOWING AWARDS: THE LIFETIME ACHIEVEMENT AWARD, EXCELLENCE IN EDUCATION AWARD, OR THE OUTSTANDING COMMITTEE PERSON AWARD. IN 2024 THE ANNUAL MEETING BOASTED A RECORD OF 404 REGISTRANTS.
- WEB SEMINARS AND VIRTUAL CLASSES/FORUMS - ABOUT 12 -18 IN A CALENDAR YEAR, A VOLUNTEER-BASED REGIONAL COMMITTEE AND/OR TECHNICAL COMMITTEES ARRANGE FOR A WEB SEMINAR, TYPICALLY 60-75 MINUTES IN DURATION WHERE GEOGRAPHICALLY REMOTE SITES ACROSS THE U.S., AND SOMETIMES INTERNATIONALLY, CAN LOG INTO THE AUDIO/VISUAL PRESENTATION ON A TOPICAL ISSUE USUALLY PRESENTED BY A NON-INSURANCE EXPERT, E.G. HURRICANES AND THE IMPACT ON LEVEES. REGISTRATION IS COMPLIMENTARY TO IMUA MEMBERS AND THERE MAY BE MORE THAN ONE MEMBER IN ATTENDANCE AT EACH SITE. MEMBER COMPANIES FIND THIS IS A COST EFFECTIVE AND EFFICIENT WAY TO PROVIDE EDUCATION AND TECHNICAL INFORMATION TO THEIR EMPLOYEES (THERE IS NO ADDITIONAL COST TO ATTEND WEBINARS AS ALL ACCESS TO ALL VIRTUAL PROGRAMS IS NOW INCLUDED IN IMUA'S COMPANY MEMBERSHIP FEE. IN 2024, IMUA PRESENTED 12 EDUCATIONAL WEBINARS AND 5 VIRTUAL CLASSES WITH EACH SESSION ATTRACTING AN AVERAGE OF 300 REGISTRANTS FOR A DURATION OF 60 TO 75 MINUTES FOR WEBINARS AND 3 HOURS FOR THE VIRTUAL CLASSES/FORUMS.
- REGIONAL SEMINARS - IMUA HAS 9 REGIONAL ADVISORY COMMITTEES LOCATED IN TORONTO, NEW YORK, ATLANTA, COLUMBUS, CHICAGO, DALLAS, BOSTON, RICHMOND, AND SAN FRANCISCO. AT VARIOUS TIMES THROUGHOUT THE CALENDAR YEAR, THESE VOLUNTEER-BASED COMMITTEES EACH HOLD ONE OR MORE BREAKFAST/LUNCH-N-LEARN/HALF-DAY/FULL DAY LIVE EDUCATIONAL SEMINARS, OFTEN WITH STATE INSURANCE DEPARTMENT CONTINUING EDUCATION CREDITS, ON A MYRIAD OF INSURANCE TOPICS GERMANE TO A GEOGRAPHIC AREA. THEY ALSO OCCASIONALLY HOST NETWORKING SOCIALS AND/OR FIELD TRIPS TO GET A CLOSER LOOK AT VARIOUS INLAND MARINE INSURANCE EXPOSURES (I.E. VISITING A REFRIGERATED WAREHOUSE TO SEE THE VARIOUS INLAND MARINE TRANSPORTATION AND WAREHOUSE LEGAL LIABILITY EXPOSURES. ATTENDANCE FOR THESE SEMINARS EVENTS TYPICALLY RANGES FROM LOW 20S UP TO 100 ATTENDEES. IN 2024, IMUA HOSTED 8 IN-PERSON REGIONAL EVENTS.OBJECTIVE/ ACCOMPLISHMENT- PRIMARILY EDUCATION AND TRAINING BUT ALSO NETWORKING/STRENGTHENING INDUSTRY CONNECTIONS.
- TECHNICAL COMMITTEES - THESE VOLUNTEER COMMITTEES, CENTERED AROUND THE MAJOR LINES OF INLAND MARINE BUSINESS AND CLAIMS/LOSS CONTROL, PROVIDE TECHNICAL INFORMATION VIA THE MEMBERS-ONLY SECTION OF THE WEBSITE IN A MYRIAD OF WAYS INCLUDING TECHNICAL PAPERS, PLANNING SEMINARS/WEBINARS, AND FIELD TRIPS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-5564002
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1932
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,465,954
- Income (IRS master file)
- $1,639,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,639,226 | $1,535,181 | $1,465,954 | IRS |
| 990 | December 2023 | $1,357,215 | $1,409,941 | $1,266,624 | XML |
| 990 | December 2022 | $1,199,794 | $1,243,575 | $1,138,925 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-5564002).
Questions about INLAND MARINE UNDERWRITERS ASSOCIATION
- What is the EIN of INLAND MARINE UNDERWRITERS ASSOCIATION?
- The employer identification number (EIN) of INLAND MARINE UNDERWRITERS ASSOCIATION is 13-5564002.
- Is INLAND MARINE UNDERWRITERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1932.
- Are donations to INLAND MARINE UNDERWRITERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INLAND MARINE UNDERWRITERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INLAND MARINE UNDERWRITERS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INLAND MARINE UNDERWRITERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INLAND MARINE UNDERWRITERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names MATT DERRICK.
- Who are the officers and directors of INLAND MARINE UNDERWRITERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $291,275 (KEVIN O'BRIEN, PRESIDENT/CEO).
- How much revenue does INLAND MARINE UNDERWRITERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,639,226, expenses of $1,535,181 and total assets of $1,465,954 at year end.
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